Sec. 3. Direct loans
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Section 2602(c) of the Energy Policy Act of 1992 ( 25 U.S.C. 3502(c) ) is amended— in the heading, by striking ; Guarantee in paragraph (1), by inserting and in addition to the authority provided by paragraph (8), after Subject to paragraphs
(2)and (4), ; in paragraph (2), by inserting , or a direct loan, after providing a loan guarantee ; by amending paragraph
(4)to read as follows: At any time, the sum of the aggregate outstanding amount guaranteed and the aggregate outstanding amount of direct loans provided pursuant to this subsection shall not exceed $2,000,000,000. ; and by adding at the end the following: Subject to paragraphs
(2)and (4), and in addition to the authority provided by paragraph (1), the Secretary of Energy may provide direct loans (as defined in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a )) to an Indian tribe or a tribal energy development organization for energy development. Direct loans provided under this subsection shall be made through the Federal Financing Bank, with the full faith and credit of the United States Government on the principal and interest. . Amounts appropriated or otherwise made available for the cost of loan guarantees under section 2602(c) of the Energy Policy Act of 1992 ( 25 U.S.C. 3502(c) ) as in effect on the day before the date of the enactment of this Act may also be made available for the cost of direct loans as authorized by the amendments made by this Act.
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